“When I started my campaign, I saw a clear road to victory. However, this potentially could be the most expensive race in Alaska history,” the Wasilla Republican wrote. “After much prayer and deliberation, Becky and I have decided suspending the campaign is the right thing to do for our family and our state.”

Current Sen. Mike Dunleavy, who had suspended but recently resumed his gubernatorial campaign due to medical issues, said in a statement that he was “honored to have served the people of Alaska” alongside Huggins.

“Charlie and I spoke via phone last night, and I look forward to sitting down together and talking more with him as the campaign moves forward,” Dunleavy wrote.

The current GOP field to challenge Walker includes Dunleavy, Rep. Mike Chenault and businessman Scott Hawkins.